News & Updates

News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

This Banking Model Can Eliminate Inflation, Debt, and Interest Costs from Pakistan

Pakistan’s huge debt servicing problem can be resolved through full reserve banking, which will eliminate high inflation...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

 easypaisa Partners with Dukan to Simplify E-Commerce and Digital Payments Experience

easypaisa, Pakistan’s leading digital financial services platform, has announced a strategic partnership with Dukan, a l...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

PSO Posts Rs. 7.8 Billion Profit in First Half of FY24

Pakistan State Oil Company Limited (PSO) announced its financial result for 1HFY24 posting a profit after tax (PAT) of R...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Rupee Fades Back to Red Against Major Currencies Amid Political Uncertainty

The Pakistani rupee was bearish against the US Dollar today after opening trade at 281 in the interbank market. It faced...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Production of Petroleum Products up 8% in First Half of FY24

The petroleum products production witnessed an increase of 8.40 percent during July-December 2023-24 as its indices went...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

SECP Issues Consolidated Companies Regulations to Facilitate Local and Foreign Firms

The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued consolidated Companies Regulations, 2024 to...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

After Gas, Govt Increases Prices of Petrol and Diesel

The caretaker federal government Thursday announced an increase in the prices of both petrol and high-speed diesel. Acco...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

President Alvi Upheld Majority of FTO’s Orders in 2023

President Dr Arif Alvi out rightly rejected most of the representations filed by the Federal Board of Revenue (FBR) agai...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Federal Tax Ombudsman Conducted Over 200 Own Motion Investigations in 2023

The Federal Tax Ombudsman (FTO) office conducted 203 Own Motion (OMs) investigations in leading sectors and industries d...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Textile Exporters Urge Govt to Implement Zero-Rated GST on Energy Bills

Pakistan Textile Exporters Association (PTEA) has urged the federal government for timely refund disbursements and the i...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

CCP Approves 2 Mergers in Balochistan Mining Sector

The Competition Commission of Pakistan (CCP) has granted approval to two mergers in the mining of copper and minerals se...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

NayaPay and Frontier Works Organization (FWO) Partner to Digitize M-Tag Payments in Pakistan

After pioneering the digitization of toll payments through M-Tag, Frontier Works Organization (FWO) has teamed up with N...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Precious Stones Are Being Exported to Thailand for Cheap

A meeting of the Senate Standing Committee on Industries and Production was held with Senator Khalida Ateeb in the chair...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Telecard Signs Agreement to Sell Entire Shareholding in Supernet to Hallmark

Telecard Limited (PSX: TELE) has entered into a Share Purchase Agreement (SPA) with Hallmark for its entire shareholding...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Naseem Shah to Bowl Over Tech Enthusiasts as the New Face of TECNO SPARK 20 Series!

TECNO, the leading smartphone brand in Pakistan, has just announced its brand ambassador for the SPARK 20 series. The co...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Govt Likely to Sell Shares in First Women Bank Limited to UAE

The federal government might sell its shares in First Women Bank Limited (FWBL) to the United Arab Emirates (UAE) with a...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

SBP Reserves up Marginally to $8.05 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased marginally on a weekly basis according...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Media Times Ltd Wants to Merge With Any Real Estate Company

Media Times Limited (PSX: MDTL) has decided to explore a potential merger with any real estate company, the company info...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

ECC Approves New Criteria For Sales Tax on Locally Manufactured Vehicles

The Economic Coordination Committee (ECC) of the cabinet has approved new criteria for implementing a 25 percent Sales T...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Meezan Bank Posts Record-Breaking Annual Profit in 2023

Meezan Bank (MEBL) announced its highest-ever profit of Rs. 84.5 billion for the calendar year that ended on December 31...

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News Update

15

Feb 2024

Feb 15, 2024 • 5 min read

Cabinet Approves 67% Increase in Gas Prices for Residential Users

The federal cabinet has approved an increase in gas prices for residential users by a whopping 67 percent. The decision...

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